Breaking News

JPMorgan analyst Bill Peterson lowered the firm's price target on Blade Air Mobility to $6 from $6.50 and keeps an Overweight rating on the shares. The analyst thinks institutional investor sentiment on the transportation and fuel transformation space still remains "negative / muted." Macro volatility and recessionary fears could continue to keep investor expectations muted in the near term with interest rate trajectory remaining a key lever for stock performance for unprofitable growth stocks broadly, but a recovery in the back half of the year is possible assuming interest rates stabilize, the analyst tells investors in a research note. The firm continues to prefer infrastructure enablers in hydrogen and charging over vehicle makers / component suppliers.

Jefferies analyst James Heaney raised the firm's price target on Match Group (MTCH) to $65 from $60 and keeps a Buy rating on the shares and raised the firm's price target on Bumble (BMBL) to $22 from $18 while keeping a Hold rating on those shares. Match is "well positioned" for a Q4 revenue beat and the firm expects Q1 revenue guidance to come in ahead of the Street's 2% year-over-year growth forecast given easing comps. The firm, which also expects Bumble to beat Q4 revenue expectations, but worries about the achievability of its FY23 guidance, continues to favor Match.

Loop Capital analyst Laura Champine raised the firm's price target on Bumble to $25 from $17 but keeps a Hold rating on the shares as part of a broader research note, citing the firm's holiday checks across a wide range of consumer categories. Online dating remains a growth category in the U.S. and consumer appetite for subscriptions and small-ticket purchases is still "stable", the analyst tells investors in a research note. The firm maintains a neutral stance on Bumble shares given the significant risks that the economy will likely slip into recession this year, though it also sees the stock's 14% year-to-date gain as justified by its upside potential.